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MicroStrategy Now Owns 1.02% Of All BTC, But Is MSTR Stock A Buy?

MicroStrategy Now Owns 1.02% Of All BTC, But Is MSTR Stock A Buy?

Image courtesy of 123rf.com On Tuesday, Michael Saylor announced the acquisition of another 9,245 BTC worth around $623 million at a purchase price of $67,382 per BTC. This brings MicroStrategy’s (Nasdaq: MSTR) total Bitcoin holdings to 214,246 BTC at an average price of $35,160.After this week’s price pullback, Bitcoin’s year-to-date return is 42%, while MSTR stock doubled that […]
LVMH Moet Hennessy Louis Vuitton Chart Analysis

LVMH Moet Hennessy Louis Vuitton Chart Analysis

Image Source: Pexels Bob Lang gives a technical analysis of the stock chart for LVMH.Video Length: 00:03:13More By This Author:How To Spot A Change In Stock Market Direction FedEx Corp Chart Analysis Is A Stock Market Downturn Coming?
Visualizing The Biggest Companies On Major Stock Exchanges

Visualizing The Biggest Companies On Major Stock Exchanges

With many companies nearing or surpassing the $1 trillion market capitalization milestone, we’ve put together a graphic that visualizes the five largest companies trading on the Nasdaq, New York Stock Exchange (NYSE), and international exchanges.These figures come from Companiesmarketcap.com and are as of March 12, 2024. Biggest Companies on the Nasdaq The Nasdaq is largely dominated by […]
Important Semi Failure

Important Semi Failure

Image Source: Unsplash Bulls were counting on Jensen Huang to supercharge the bull market into a whole new chapter yesterday afternoon, by making a speech about the super-expensive, super-fast, super-huge new computing products Nvidia was announcing. It didn’t work. NVDA, SMCI, SMH, and QQQ are all down, and AMD, a vitally important component of the semi/AI […]
Softs Report – Tuesday, March 19

Softs Report – Tuesday, March 19

Photo by Trisha Downing on Unsplash COTTON General Comments: Cotton closed a little higher yesterday in moderate volume trading. It is too early to plant in Texas but the heat and dry weather raises concerns about production potential later in the growing season and blackened soils might not permit much planting, anyway. The demand news has been solid […]
One Month To Go For Bitcoin Halving: A Deep Dive Into What To Expect?

One Month To Go For Bitcoin Halving: A Deep Dive Into What To Expect?

Image Source: Unsplash Bitcoin halving, arguably one of the most significant events in the cryptocurrency world, is just a month away.It occurs approximately every four years—or after every 210,000 blocks—are added to the blockchain. What is Bitcoin halving? The Bitcoin halving is a fundamental mechanism designed to reduce the rewards for mining new blocks by half, thereby gradually decreasing the […]
Stellar 20Y Auction Sees Surge In Foreign Demand, Biggest Stop Through In More Than A Year

Stellar 20Y Auction Sees Surge In Foreign Demand, Biggest Stop Through In More Than A Year

Image Source: Pixabay After several mediocre coupon auctions, moments ago – with some worried that demand for US paper may flag just 24 hours before the Fed decision – the US Treasury sold $13 billion in a 20Y paper in what can only be described as a stellar auction.The 19-Year, 11-Month reopening of cusip TZ1 priced […]
Silver Rallied Last Week After Banks Increased Shorts Again

Silver Rallied Last Week After Banks Increased Shorts Again

Image Source: Pixabay While the gold price has been at the focus of the precious metals market’s attention over the past few weeks as it broke through the $2,100 level and setting new highs, the silver price rose sharply last Thursday and is now up over 13% over the past month.The move last week also occurred […]
Bitcoin Invalidated Its Breakout – Is Gold Next?

Bitcoin Invalidated Its Breakout – Is Gold Next?

Image Source: Unsplash Gold price held up well yesterday. But will it be able to handle the USD Index’s breakout?The yellow metal moved back to the Dec. 2023 high and bounced from it, and today, it just did the same thing. Yesterday’s price action looked quite promising, as the verification of the breakout would indeed be […]
U.S. Dollar Gains Momentum On Strong Housing Data, Eyes On FOMC

U.S. Dollar Gains Momentum On Strong Housing Data, Eyes On FOMC

Image Source: Pixabay The US Dollar Index (DXY) is fluctuating around 104.00, registering gains ahead of the impending Federal Open Market Committee (FOMC) meeting on Wednesday. This marks the highest level since March 1. Markets await fresh guidance, and if the Federal Reserve’s (Fed) updated Dot Plot or Chair Jerome Powell provides any dovish signals, the USD may […]